3 ms·
Seems more akin to the middle-income trap. An economy is closing/protectionist policies up causing stagnation of its growth. I see brazil, south africa, japan,
by DeonPenny 8y ago
Seems more akin to the middle-income trap. An economy is closing/protectionist policies up causing stagnation of its growth. I see brazil, south africa, japan, and even the USSR. Basically galapagosing themselves by making tech companies that only work in china.